A Pension in the non-profit sector, a dream or reality?
OP Trust will be speaking about the work they do in Ontario for Ontario non-profits around pensions. Specifically they will be presenting on OPTrust Select.
OPTrust Select marks the first new jointly sponsored, defined benefit (DB) product offering for modest income earners in a generation. OPTrust Select will offer a secure retirement solution at a moderate cost for both employers and employees.
Research referenced by OPTrust shows that people with a defined benefit pension lead a more fulfilling retirement and in doing so, make greater economic contributions to their communities. OPTrust Select brings the advantages of their large scale and investment expertise to more Ontarians who otherwise wouldn’t have access to a DB plan and a secure retirement.
With net assets of over $20 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with over 92,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.